Tuesday, February 25, 2020

Hotel and Resort Industry in Egypt Essay Example | Topics and Well Written Essays - 2000 words

Hotel and Resort Industry in Egypt - Essay Example According to Kanter (1995) such an action will not constitute an adequate response. This is so because success is based on an organization’s ability to create, rather than predict the future by developing those products that will literally transform the way the world thinks and view it self and the needs (Kanter 1995:71). Through an environmental analysis will understand how a firm’s competitive position is affected by different forces. More and more companies are engaging in corporate social responsibility reporting, which helps major stakeholders to better understand how the company interacts with its society. (Sacconi, 2004). This essay uses the PESTLE framework to analyse the hotel and resort industry of Egypt. There after, attention is shifted to another analytical model, the SWOT matrix. The PESTEL framework can only be used to look at the future impact of environmental factors and that this impact might be different from the past. Thus, an understanding of how the factors in the above framework may drive change is only a starting point (Johnson et al. 2006).There is a need for an understanding of the key change drivers and Looking at the PESTEL framework shown above one can observe that the hotel and resort industry of Egypt is affected by all the environmental factors in the framework. Under political the industry will be affected by both taxation and social welfare policies. Given the fact that consumer’s income is dependent on government taxation policies, it is evident that take home income might either increase or reduce depending on the taxation policies adopted by the government at anyone time. In addition, government spending is greatly affected by its taxation policy. The political environment of Egypt is very stable, though there are some opposition. Today Egypt is seen as an emerging economy in the Middle East. This has attracted

Sunday, February 9, 2020

Financial Statements Essay Example | Topics and Well Written Essays - 1500 words

Financial Statements - Essay Example This project aims at studying and analyzing the annual report of Home Depot as submitted to the United States SEC in the year 2008. The basic financial statements including the income statement, the balance sheet and the cash flow statements of the company are studied and mapped against the managerial decision making processes of the company in the specific year under study. The consolidated statement of earnings of Home Depot indicates that the company has been extremely proficient in generating revenues in 2008. The total revenue in 2008 was USD 77349 million. The operating expenses of the company were USD 18755 million. This indicates that the company was much efficient in generating high revenues while being able to maintain much lower operating expenses. The net earnings of Home Depot in 2008 were USD 4395 which is favorable when mapped against the industry requirements. In overall, as per the consolidated statement of earnings of Home Depot, the company was performing at a standard level in the year 2008 (Home Depot Inc., 2008, p. 4). The consolidated statement of earnings or the income statement of a company summarizes the revenues that a company has earned during the period of reporting through the sale of its products and services. Also, it includes the expenses that a company has made to produce the revenues during the same period. These expenses may include the selling expenses, overheads, general expenses and depreciation of the assets. The comparison of the revenues and the expenses of a company show the net operating profit of a company. After the deduction of various statutory deductions like taxes and interest expenses, the consolidated statement of earnings of a business represents the net earnings of the company over a specific period of time. The key business decisions like how the return on investment for the company can be improved are